Hyster-Yale Materials Handling (NYSE:HY) Rating Lowered to Hold at StockNews.com

Hyster-Yale Materials Handling (NYSE:HY) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other research analysts have also recently issued reports on HY. Northland Capmk cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Roth Mkm reiterated a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. Finally, Northland Securities upgraded shares of Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Wednesday, June 5th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Hyster-Yale Materials Handling currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Hyster-Yale Materials Handling Stock Down 0.4 %

Shares of HY opened at $57.82 on Tuesday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 6.70 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. Hyster-Yale Materials Handling has a 12 month low of $38.50 and a 12 month high of $84.44. The company has a 50-day moving average price of $66.14 and a two-hundred day moving average price of $66.17.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $1.30. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. During the same quarter last year, the company earned $2.21 earnings per share. Equities analysts predict that Hyster-Yale Materials Handling will post 9.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. CWM LLC raised its position in Hyster-Yale Materials Handling by 0.5% in the 2nd quarter. CWM LLC now owns 41,992 shares of the industrial products company’s stock worth $2,928,000 after purchasing an additional 192 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Hyster-Yale Materials Handling by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,442 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 200 shares during the period. Summit Global Investments grew its holdings in Hyster-Yale Materials Handling by 2.4% during the 2nd quarter. Summit Global Investments now owns 10,334 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 240 shares during the period. Mcdonald Partners LLC grew its holdings in Hyster-Yale Materials Handling by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company’s stock worth $2,807,000 after acquiring an additional 352 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Hyster-Yale Materials Handling by 0.5% during the 2nd quarter. AQR Capital Management LLC now owns 76,587 shares of the industrial products company’s stock worth $5,340,000 after acquiring an additional 363 shares during the period. Institutional investors own 46.47% of the company’s stock.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.